Speed of operation is what attracted me to these two cams in the first place. My last camera (Epson PhotoPC 850) was excruciatingly slow at power up and when taking a picture. Many a good shot was lost because of this, so speed is one of my main concerns now. That, and picture quality.
To me, pixel count is not as important as the overall look of the images. The Epson tended to produce images that were flat. Shadow details were lost and the pics didn't really pop. When I checked out the Canon, I could see subtle details in the LCD, such as reflections of the ceiling lights on the floor, which I didn't even notice in real life. The Sony LCD image was not as delicate - it's kind of dark in comparison. Thing is, the LCD image is not really important, it's the pic itself.
BTW I have a Canon camcorder with which I've been very happy. Looks like Canon's it. Thanks all for sharing your thoughts.